5317 17Th St McAllen, TX 78504
- Apartment buildings
Current Use by Public Records
- Deseret Properties / Apartment Building
- Danubia / Condominium Complex / Apartment Complex
Property Details for 5317 17Th St
- Year built
- 1993
- Property type
- Apartment buildings
Description
This exceptional 55-unit apartment building presents a compelling value-add investment opportunity in the thriving McAllen, Texas market. Built in 1993, this two-story property boasts a desirable location at 5317 N 17th St, McAllen, TX 78504, placing it ideally near major employment centers, including the gateway to the medical district. The property benefits from its proximity to significant educational institutions, such as the University of Texas Rio Grande Valley (approximately fifteen minutes away) and South Texas College's Pecan Campus (approximately ten minutes away), ensuring a consistent pool of potential tenants. The current 6.70% capitalization rate offers immediate returns, while the potential for rent growth and operational efficiency improvements through cosmetic renovations and strategic management initiatives presents a clear path to maximizing profitability. This property is part of a larger portfolio sale, offering significant upside for the discerning investor. Convenient access to major retailers and entertainment venues further enhances the desirability of this investment. The property's strong location and value-add potential make it an attractive opportunity for investors seeking significant returns in a rapidly growing Texas market. This is a rare chance to acquire a well-positioned multifamily asset with substantial upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2297
- Latitude
- 26.2517
